Russia has reduced international reserves

the Volume of international reserves of Russia decreased from 12 to 19 June 2020 for $3 billion to $567.8 billion, follows from materials of Bank of Russia.

a Week earlier, the reserves increased by $5.6 billion to $1.3 billion, even earlier, — decreased by $1.4 billion.

As explained by the regulator, the reserves “thinner” mainly “due to negative revaluation and sale of foreign currency on the domestic foreign exchange market.”

Recall that on January 1, 2020, the reserves reached $554,359 billion, adding over the past year of 18.3%, or $85,864 billion, from $468,495 billion on January 1, 2019.

the International reserves are highly liquid foreign assets available to the Bank of Russia and the government of the Russian Federation. They consist of foreign exchange reserves, monetary gold, and drawing rights (SDRs), reserve position in IMF and other reserve assets.

a Historic low on reserves was recorded April 2, 1999 ($10.7 billion), the absolute maximum was achieved on 8 August 2008 ($598.1 billion).

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